Tag: MSME growth

Starting and running a business is never easy, especially for first-time entrepreneurs in the MSME sector. You’ve got big dreams, innovative ideas, and the passion to succeed but the path to success is often riddled with challenges. From figuring out the right product to manufacture to navigating complex regulations, sourcing raw materials, and managing cash […]

The interim budget 2024 presentation brought forth transformative initiatives aimed at bolstering various sectors of the economy and addressing pressing societal challenges. From fostering renewable energy adoption to strategic investments in healthcare and agriculture, this budget outlines a vision for inclusive growth and sustainable development. The Union Budget 2024-2025, presented as an interim budget, lays […]

Image source: https://images.app.goo.gl/8EkU1RkoB48YWTaJ7 The Regional Comprehensive Economic Partnership, a new free trade agreement, was signed on 15th November, 2020 by 15 Asia-Pacific nations. The member states of RCEP together account for one-third of the global gross domestic product and almost 30% of the world’s population. What is RCEP?   RCEP, perceived to be the biggest free […]

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Micro Small & Medium Enterprises (MSMEs) have been the backbone of the Indian economy. The 6.3Cr MSMEs in India employing a 110 Mn workforce, contribute around 30% of the national GDP. In addition to the economic factors, this highly vibrant and dynamic sector plays a key role in India, uplifting rural areas via industrialization. It […]

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MSMEs (Micro, Medium, and Small enterprises) in India have tremendous potential to grow and contribute to the Indian economy. Long-term partnerships with Indian MSMEs having good technical capabilities could not only provide a low-cost advantage but also a source of “frugal innovation” for companies worldwide. An ecosystem with MSMEs could be a source of global […]

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